Auto Body & Repair Shops

American Savings Life Insurance Co. As a 62 year old asset based lender, we offer Not So Hard Money™ products ranging from $250K up to $8M on non-owner-occupied auto body/repair shop properties. Rates start at 6.99%. Max LTV is 65% (25% on vacant/raw land). We only lend on non-owner-occupied properties (property cannot be used as primary or secondary residence).
Lending Territory: AZ, CO, NM, NV, TX, UT

Home Bank of California We offer SBA and conventional financing on auto body and repair shops. SBA up to 90% LTV with a 25-year, fully-amortizing term. Conventional up to 65% with a 25/10 term. Portfolio underwriting, direct lender, specializing in hard to place loans.
Lending Territory: Southern CA

Private Mortgage Financing Partners LLC 1-5 years, up to 65% LTV. We are a true hard money lender; the real property itself is the basis of our lending decision. If a property is producing or can produce sufficient income to pay the note and the value of the property will fully secure the note and provide sufficient equity, then the borrower's credit is not an issue. Instead of concentrating on minute details of the borrower's credit history as institutional lenders do, we concentrate our due diligence efforts on the real estate securing the loan.
Lending Territory: NATIONWIDE

Redwood Mortgage Redwood Mortgage offers 1-15 year terms on commercial auto body & repair property loans. First and second mortgages for purchase and refinance loans. Properties must be environmentally clean. Rates starting at 8.5%. Loans available from $100K up to $7.5M with no prepayment penalty. LTVs up to 65%. Please call for program details and quick service.
Lending Territory: CA

South End Capital Corp. We offer stated income, light documentation loans secured by automotive service real estate up to 75% LTV. We don't require tax returns or financials and can close in less than 30 days. Rates start at 6.5%, credit down to 620, 30 year amortizations and fixed terms up to 7 years. We also offer full documentation, SBA financing for automotive service owners up to 150% LTV, credit down to 580 and 25 year amortizations. Conventional financing at conforming terms as well as short-term bridge financing is available up to 65% LTV as well.
Lending Territory: NATIONWIDE

Velocity Mortgage Capital We'll lend on these property types up to 65% LTV, stated doc., no points, $100K-$5M, three or five-year fixed, 30-year amortization, no balloon. Rates are at par and can make up to a two-point rebate.
Lending Territory: NATIONWIDE

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